Short Interest in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Expands By 74.1%

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 2,449 shares, an increase of 74.1% from the November 30th total of 1,407 shares. Based on an average daily volume of 913 shares, the short-interest ratio is presently 2.7 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 913 shares, the short-interest ratio is presently 2.7 days.

Flanigan’s Enterprises Stock Up 2.8%

Shares of BDL traded up $0.82 during midday trading on Monday, reaching $30.40. 9,742 shares of the company were exchanged, compared to its average volume of 1,065. Flanigan’s Enterprises has a 1-year low of $22.61 and a 1-year high of $35.98. The stock has a 50-day moving average price of $30.76 and a 200-day moving average price of $31.13. The company has a current ratio of 1.69, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. The company has a market cap of $56.54 million, a price-to-earnings ratio of 11.22 and a beta of 0.29.

Institutional Trading of Flanigan’s Enterprises

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new stake in shares of Flanigan’s Enterprises during the second quarter valued at approximately $249,000. Dimensional Fund Advisors LP increased its stake in Flanigan’s Enterprises by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock worth $2,032,000 after buying an additional 516 shares during the period. Finally, Empowered Funds LLC increased its stake in Flanigan’s Enterprises by 3.1% during the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after buying an additional 445 shares during the period. Institutional investors and hedge funds own 11.03% of the company’s stock.

About Flanigan’s Enterprises

Flanigan’s Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan’s delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan’s Enterprises maintains warehousing, transportation and inventory management capabilities.